hard20 pts · first answer countsconsolidationreconciliation
Intercompany balances that do not agree
Parent shows a receivable from Sub of ₹3,00,000. Sub shows a payable to Parent of ₹2,80,000, because Sub sent ₹20,000 on 30 March that Parent received on 2 April. The year ends on 31 March. How is this handled on consolidation?
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